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When the Fed says that they will "pump 1.5 trillion dollars into the financial system", in reality what they mean is "pump 1.5 trillion into Facebook, Google, A
by cryptica 7y ago
When the Fed says that they will "pump 1.5 trillion dollars into the financial system", in reality what they mean is "pump 1.5 trillion into Facebook, Google, Amazon, Apple and all other crony-capitalist institutions which already have a ton of money and which couldn't exist without this constant injection of free cash".
The Fed has turned the system is a giant pyramid scheme which rewards the rich for being rich and systematically locks out value producers.
This new Fed money is not going to reach value producers; it will go to straight financiers, venture capitalist, investment bankers, shareholders, lawyers, fund managers. In the meantime farmers in the US are committing suicide and nobody gives a crap. This is profoundly immoral.
I bet the Fed chose this very opportune moment to announce this injection because they know that with the Coronavirus news, people are not going to gather in large crowds to protest. They're exploiting the situation to give their cronies handouts.